Porch Group (PRCH) CFO gains performance-based shares and lifts holdings
Rhea-AI Filing Summary
Porch Group, Inc. Chief Financial Officer Shawn Tabak reported equity compensation activity tied to a performance-based restricted stock unit award. On March 19, 2026, 123,986 performance-based RSUs were earned and exercised into an equal number of shares of common stock based on share price, revenue, and Adjusted EBITDA goals. A separate compensation-related acquisition added 123,980 common shares. Following these transactions, Tabak directly held 366,096 shares of common stock. The earned shares remain subject to service-based vesting through April 7, 2026. The company intends to settle vested shares in multiple transactions between April 7, 2026 and May 21, 2026 and use a sell-to-cover method, where the issuer sells shares at its election to satisfy tax withholding.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Units | 123,986 | $0.00 | -- |
| Grant/Award | Common Stock | 123,980 | $0.00 | -- |
| Exercise | Common Stock | 123,986 | $0.00 | -- |
Footnotes (1)
- Represents shares of the Issuer's Common Stock earned under a performance-based restricted stock unit ("PRSU") award granted on April 7, 2023, following the Compensation Committee's certification of performance achievement on March 19, 2026. The PRSU award was subject to three distinct performance goals of share price, revenue, and Adjusted EBITDA. The earned shares remain subject to a service-based vesting condition through April 7, 2026. The Issuer has confirmed its intent to settle vested shares of Common Stock in numerous transactions over approximately 45 days, between April 7, 2026 and May 21, 2026 to reduce market impact. In addition, the Issuer has adopted a sell-to-cover method (shares will be sold by the Issuer at its election, and without any discretion by the Reporting Person) as the sole means for plan participants to satisfy tax withholding obligations upon the vesting and settlement of awards. Represents PRSUs earned due to the achievement of revenue and Adjusted EBITDA goals. Each PRSU represented a contingent right to receive, upon achievement of the applicable performance metric and subject to vesting, one share of the Issuer's Common Stock. Represents PRSUs earned due to the achievement of specified share price goals. The original award was reported at target achievement, while the amount reported herein reflects actual achievement.